The PGA Championship is joining the Masters and U.S. Open in the $20 million-plus purse club. The PGA of America announced Saturday that the purse for the 108th PGA Championship at Aronimink Golf Club is $20.5 million, with $3.69 million going to the winner of the Wanamaker Trophy.

Last year, the PGA Championship ranked third among the four majors with a purse of $19 million. The U.S. Open awarded $21.5 million, while the Masters paid out $21 million. In April, Augusta National raised its purse to $22.5 million, and Rory McIlroy collected $4.5 million after winning the Masters for a second straight year. Until this year, the PGA Championship's purse had been less than those of the PGA Tour's signature events, which were increased to $20 million. The Players Championship purse is $25 million.

Last year, Scottie Scheffler took home $3.42 million for winning his first PGA Championship at Quail Hollow Club. The second-place finisher Sunday will win about $2.2 million, while third place gets about $1.4 million. Each of the top 20 finishers will receive at least $252,000, and the last-place finisher among the 82 golfers who made the 36-hole cut will be paid $23,900.